2761 Oakdale BlvdCoralville, IA 52241

This exceptional investment opportunity presents a net-leased commercial condominium located at 2761 Oakdale Blvd 1-2, Coralville, IA 52241. Priced at $711,000, this property offers a compelling 7.22% cap rate, promising a healthy return on investment. The building has been subdivided into individual condominium units, and the long-established tenant, Farrell's, has a lease extending through February 2025, having already renewed twice. The commercial condominium association diligently handles exterior maintenance and groundskeeping, minimizing the owner's responsibilities and maximizing convenience. This translates to a low-maintenance investment, ideal for passive income seekers. The property's strategic location within a rapidly growing area adds significant value. Its proximity to a research campus, the future University of Iowa Hospital & Clinics building, new rehabilitation hospitals, and the West Coralville development projects strong future growth potential. The square footage is an approximation derived from the Johnson County Assessor's site. This is a rare opportunity to acquire a stable, high-yielding investment property in a thriving Iowa community. The property is classified as Special Purpose, with no individual units for sale. This is a turnkey investment ready for immediate income generation.